1 S Royal Poinciana Blvd, Miami Springs, 33166

  • $20,172,000

Listing UP for Sale

Miami Springs

1 S Royal Poinciana Blvd, Miami Springs, 33166

Miami Springs

  • $20,172,000

Overview

Property ID: A11441771
  • Property Type
  • Retail
  • 66496
  • Lot sqft
  • 1945
  • Year Built

Description

Newly renovated and fully stabilized triple net core retail investment property. The asset provides 26,947 square feet of rentable retail space evenly distributed over two buildings with grade parking. Developed by MV Group USA, the fully occupied property offers a robust merchandising plan with a well-balanced mix of new national credit tenants and tenured local tenants. Join fifteen food and beverage, health and beauty, medical, service, and specialty tenants with an average lease term of over 10 years remaining. All new leases include 3% yearly increases and some offer renewal options. The sale carries a $9 million seller financing loan at 4.5% for three to five years.

  • Address 1 S Royal Poinciana Blvd
  • City Miami Springs
  • State/county Florida
  • Zip/Postal Code 33166
  • Area Miami-dade County
  • Country United States

Details

Updated on March 11, 2024 at 3:45 pm
  • Property ID: A11441771
  • Price: $20,172,000
  • Land Area: 66496 sqft
  • Year Built: 1945
  • Property Type: Retail
  • Property Status: Listing UP for Sale

Additional details

  • Lot Size: 66496

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Rayza Perez
  • Rayza Perez